Property Overview & Key Characteristics
This two-storey home at 92 Cherrywood Road in Bridgwater Trails is a modern property built in 2017, offering a low-maintenance lifestyle in a newer Winnipeg community. Its key appeal lies in its balance of contemporary construction and established neighbourhood living. The home features a 1,640 sqft living area, a good-sized 4,460 sqft lot, and a detached garage. Notably, its assessed value ranks within the top 21% city-wide, suggesting strong municipal valuation relative to the market.
The property suits first-time buyers or young families looking for a move-in-ready home without the immediate need for major updates, as the basement is unfinished but presents a clear opportunity for future expansion. Its rankings indicate it's a solid, middle-of-the-pack home within its immediate street and neighbourhood, but it holds stronger standing in broader Winnipeg comparisons for its age, size, and value—making it a pragmatic choice for buyers seeking a stable investment in a desirable area without paying a premium for a top-ranked lot on the block.
Frequently Asked Questions
1. How does this home compare to others on the street?
The data shows it ranks better than only 26% of homes on Cherrywood Road for lot size and 34% for being newer, meaning many neighbouring properties are larger or more recently built. However, its living area and assessed value are competitive, positioning it as a reasonably typical home for the street.
2. What does the "Top 6%" ranking for its year built in Winnipeg mean?
This indicates the home is newer than 94% of all properties in Winnipeg. In a city with many older homes, this is a significant advantage, suggesting less likelihood of major system replacements (like roof or furnace) in the near term.
3. The assessed value is $479,000, but it sold for $348,000 in 2017. Is this a concern?
Not necessarily. The 2017 sale price was the original purchase price when the home was new. The current assessed value reflects market growth and municipal valuation over seven years. It’s more useful to compare the current assessment to similar recent sales.
4. Is the unfinished basement a drawback?
It depends on the buyer's needs. It provides immediate dry storage and mechanical space. For some, it’s a positive blank canvas to finish according to their own taste and timeline, without needing to undo someone else’s renovation choices.
5. The lot is larger than average for Winnipeg, but only better than 26% on its street. Should I be concerned about space?
The lot is a very good size by city-wide standards. The lower street ranking simply means Cherrywood Road features many large lots. You’re still getting a substantial yard, just not the largest on the block.